Zebra Technologies Corporation stock research
FY2024 Q3
Zebra Technologies (ZBRA) Gross Margin — Quarter Ended Sep 28, 2024
Revenue, gross profit, and cost of revenue all increased, with gross profit rising relative to revenue, resulting in a higher gross margin. Compared to the prior quarter and the same quarter last year, gross margin improved, while revenue and gross profit were higher.
Gross margin takeaway
Quarter ended Sep 28, 2024 · FY2024 Q3
Revenue, gross profit, and cost of revenue all increased, with gross profit rising relative to revenue, resulting in a higher gross margin. Compared to the prior quarter and the same quarter last year, gross margin improved, while revenue and gross profit were higher.
- The strongest observable margin driver is the increase in gross profit relative to revenue, which led to a higher gross margin in the current quarter.
- Sequentially, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Year over year, all metrics were higher and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
48.8%
Gross profit
$613.0M
Revenue
$1.3B
Cost of revenue
$642.0M
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+4.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2023 | $1.0B | $448.0M | $561.0M | 44.4% |
| Mar 30, 2024 | $1.2B | $563.0M | $612.0M | 47.9% |
| Jun 29, 2024 | $1.2B | $589.0M | $628.0M | 48.4% |
| Sep 28, 2024 | $1.3B | $613.0M | $642.0M | 48.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 29, 2024
+0.4 pts
Year-over-year change
Sep 30, 2023
+4.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in gross profit relative to revenue, which led to a higher gross margin in the current quarter.
Sequentially, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Year over year, all metrics were higher and gross margin improved.
Monitor the trend in cost of revenue relative to revenue, as changes in this relationship directly affect gross margin.